The government has indicated that it has made significant progress in stabilising and improving the economy over the past 10 months of the John Dramani Mahama administration.
Deputy Finance Minister, Thomas Ampem Nyarko, addressing a press conference in Accra on Monday, October 20, 2025, ahead of the 2026 budget presentation in November, said prudent fiscal management has led to a significant turnaround in the economy.
He revealed that the government has recorded a primary balance surplus of 1.4% of GDP, reduced the fiscal deficit to 1.5%, and brought public debt down to 46.8% as of August 2025.
“These achievements are not ends in themselves but foundations for sustained recovery and shared prosperity,” Mr. Ampem Nyarko stated.
“The recent successful staff-level agreement with the IMF under the Extended Credit Facility (ECF) and the credit rating upgrade by Moody’s reaffirm international confidence in Ghana’s economic direction.”
The Deputy Minister added that the upcoming 2026 budget will build on these gains to ensure inclusive growth and long-term stability.